717.051
Tax-exemption for multi-level off-street parking structure.

Any multi-level off-street parking structure that is not tax
exempt under section
717.05 of the Revised Code and is
acquired in fee or by lease or constructed by a municipal corporation that
qualifies as an impacted city, as defined in division (C) of section
1728.01 of the Revised Code, at
the time of the initial application for exemption provided for in this section
or so acquired or constructed by a county within the corporate boundaries of
such an impacted city, is hereby declared to be a public purpose and may, at
the option of the impacted city or the county, be made the subject of an
application for exemption and shall be exempt from taxation for such period as
the parking structure is owned or leased by such municipal corporation or
county and is available to members of the general public on a daily or monthly
or other subscription basis, provided such period of exemption shall not exceed
twenty years from September 30, 1974, or the date acquisition or construction
of such structure is completed, whichever shall occur later. Any such exemption
shall be claimed and allowed in the same or similar manner as in the case of
other real property exemptions. In the event that an exemption status changes
during a tax year, the procedure for the apportionment of the taxes for said
year shall be the same as in the case of other changes in the exemption status
during the tax year.